The pensions industry achieved a net surplus of $30.96 million in the first quarter to March driven by rental and investments income of $105.65 million, a report by the regulator has shown.
Chinese firm R&F will invest $1 billion in Zimbabwe Iron and Steel Company (Ziscosteel), Industry and Commerce Minister Mike Bimha said yesterday, the latest attempt to revive the moribund steelmaker, once the largest integrated steel works in the region which shut in 2008.
NMB Holdings Limited has reported a 35 percent increase in after-tax profit in the six months to June from $2.6 million in the prior year to $3.6 million despite an 8 percent drop in gross income.
Former Army commander Solomon Mujuru was prepared to ditch President Robert Mugabe in 2008 and support opposition leader Morgan Tsvangirai instead if Mugabe tried to rig the elections.
Zimbabwe’s trade deficit narrowed by 21 percent to $1.2 billion in the first seven months of the year, latest trade data from the statistics agency shows.
There is an African idiom that if a man does not eat at home, he may never give his wife enough money to cook a good pot of soup.